Radiant Cash Management Services Limited

About the company

## **About Radiant Cash Management Services IPO** Cash is still the king in India. From your local kirana store to malls, cash remains crucial for India’s business ecosystem. In fact, the cash in circulation has almost increased three folds between FY11 and FY21. And players like Radiant Cash Management Services play an important role in facilitating the movement of cash. Radiant Cash Management is an integrated cash logistics player, providing services that include cash pick up, delivery and processing.  It has a leading presence in the retail cash management (RCM) segment in India. It is one of the largest players in the RCM segment in terms of network locations or touch points served. The cash logistics player provides services across 12,150 pin codes in India, covering all districts (other than Lakshadweep) with about 42,420 touch points. Its key clients include Axis Bank, Citibank, Deutsche Bank Limited, HDFC Bank, ICICI Bank, State Bank of India and Standard Chartered Bank. Now, this company is launching the Radiant Cash Management Services IPO. The Radiant Cash Management Services ltd IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of the IPO will be used for funding the working capital requirement and purchasing specially fabricated armoured vans. Here are the key details about the Radiant Cash Management Services IPO: Company Name| **Radiant Cash Management Services**|  | Company Type| **Private** ---|---|---|---|--- Company Established On|**2005**| ### **Financial snapshot** **Particulars**| **FY 19**| **FY 20**| **FY 21** ---|---|---|--- **Revenue**|₹ 220.9 crore|₹ 248.2 crore|₹ 221.6 crore **Net Profit**|₹ 25.0 crore|₹ 36.5 crore|₹ 32.4 crore ---| ## **Here’s a quick look at Radiant Cash Management Services IPO’s strengths, weakness, opportunities and risks (SWOT analysis)** ### **Strengths and opportunities** 1. Has the ability to offer RCM services across India, with presence in tier 2 and tier 3 towns and cities 1. Around 75% of its revenue came from tier 3  towns and cities in Q1FY22 1. The profitability or EBITDA margin expanded to 22.1% in FY21 from 18.4% in FY19 1. The return on capital employed (ROCE) improved to 33.3% in FY21 from 31.3% FY19   1. The RCM market is estimated to grow at a CAGR of 20.3% between FY21 and FY27, reaching ₹2,040 crore 1. Backed by reputed institutional investor, Ascent Capital, who invested in the company in FY15 ### **Risks and threats** 1. Highly dependent on the banking sector in India to generate revenue 1. Top five customers contributed 65% of the revenue in Q1FY22 1. A decrease in the availability or use of cash as the predominant mode of payment  1. Exposed to various operational risks, including armed robbery, end customer or third-party fraud and theft or embezzlement by employees 1. Events like demonetisation of notes in the future may adversely affect the business 1. Operate in highly competitive markets. Faces competition from CMS Info Systems, Securevlaue India and Writer Safeguard ## **Radiant Cash Management Services IPO details** ### **** **Radiant Cash Management Services IPO date** The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The Radiant Cash Management Services IPO’s opening date – in other words, the Radiant Cash Management Services IPO launch date – will be 23 December 2022. The Radiant Cash Management Services IPO closing date is 27 December 2022. After this, investors will be updated about the allotment status on 30 December 2022. Investors, who receive allotment, can expect them to be credited in their demat account on 03 January 2023. Besides this, the Radiant Cash Management Services IPO listing date is 04 January 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. ### **** **Radiant Cash Management Services** **IPO Price Band** The Radiant Cash Management Services IPO is a book-built issue. The Radiant Cash Management Services IPO price band has been set between ₹ 94 – ₹ 99 per share. The price band is a price range within which investors can apply for the IPO. When the Radiant Cash Management Services IPO opens, interested investors will have to choose a price within the band to apply for the public issue. Also, the Radiant Cash Management Services IPO listing price will be determined on 04 January 2023. The listing price is the price at which the shares of a company make their debut on the stock exchanges. ### **** **Radiant Cash Management Services IPO Lot size** The Radiant Cash Management Services IPO details have been declared. Hence, the Radiant Cash Management Services IPO lot size is 150 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the Radiant Cash Management Services IPO issue size is ₹ 388 crore. ## **How to pre-apply for the Radiant Cash Management Services** **IPO?** You can pre-apply for the Radiant Cash Management Services IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘Radiant Cash Management Services IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Pre-Apply’ 1. Accept the mandate on your UPI app ## **How to apply for the Radiant Cash Management Services** **IPO?** If you are interested in this investment opportunity but unsure how to apply for the Radiant Cash Management Services IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Radiant Cash Management Services IPO on Upstox: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘Radiant Cash Management Services IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Apply’ 1. Accept the mandate on your UPI app ## **How to check the Radiant Cash Management Services** **IPO** **allotment status?** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Radiant Cash Management Services IPO allotment status: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover page, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, you will find the ‘View all’ option 1. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab 1. In the ‘IPO’ tab, click on ‘My applications’  1. In ‘My applications’, under the History section, your Radiant Cash Management Services IPO allotment status will be mentioned [ ](https://linkintime.co.in/MIPO/Ipoallotment.html) ## **Open a demat account with Upstox to apply for the Radiant Cash Management Services** **IPO** To apply for the Radiant Cash Management Services IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox: 1. Click [ **here**](https://upstox.com/open-demat-account/\OpenOpen?landing_page=learning-center/demat-account/demat-account-opening-procedure) to visit the demat account opening page on the Upstox website.  1. Enter your phone number and other essential details to begin opening a demat account. 1. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  1. Complete the e-verification using the OTP sent to your registered mobile number. This is all it takes to open a demat account with Upstox. Easy and quick, right? [ ](https://upstox.com/open-demat-account/\Open\Open) ## **Upstox – trading app to apply for the Radiant Cash Management Services IPO** Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Radiant Cash Management Services IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Dec 2022

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Dec 2022

   Last day to place your bid

3. Basis of Allotment

   Completed
   25 Dec 2022

   Share allotment finalised

4. Refund Initiation

   Completed
   02 Jan 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   30 Dec 2022

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   04 Jan 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.